Growing Railway Freight and Population Density is Likely to Influence Market Growth During the Forecasted Period.

Mon, 15 July 2019 8:15

Railway couplers are used for connecting rolling stock in a train. It is considered as one f the vital component of the railway train. There are three general types of couplers are used in railways worldwide, which includes manual couplers, semi-automatic couplers, automatic couplers. Increasing reach of the railway to unreached villages and states and rapid advancement in the railway to improve performance is likely to drive the market.

As per the World Trade Organization (WTO), imports in developing economies experienced a rapid surge, and the volume index of imports increased from nearly 110 in the first quarter of 2016 to around 122 in the third quarter of 2017. Exports activities in developed countries showed a steady, but noteworthy growth and the export index grew from around 107 in the first quarter of 2016 to 114 in the third quarter of 2017.

Freight transport is carried out by road, rail, and air. In the last few years, the transport of heavy-duty goods by railways has considerably increased. As per Organization for Economic Co-operation and Development (OECD), total volume for freight transport in units by railways accounted for around 228 lacs in 2013 and had seen considerable growth since then, reaching a volume of around 249 lacs in 2017. Most of the company’s focus on establishing and maintaining their supply chains in individual countries, and they prefer inland rail transport, which is expected to scale up the demand for railway couplers in the years to come.

Regional Insights

Geographically, the railway coupler market has been segmented into North America, Europe, Asia Pacific, and Latin America and the Middle East & Africa (LAMEA).

Got questions about your regional growth of

Railway Coupler Market?

Just drop us a line or call on +1 646 480 7505

According to reports monitor estimation, the railway couplers market was valued at USD173.55  million in 2016 and, is projected to reach USD  199.15 million by 2026. Prominent use of freight railways and growing export and import activities are likely to drive the market in the region. canada's economic growth and the living standard have been propelling the export and import activities. According to the Railway Association of Canada, the freight rail industry of Canada transport goods worth more than USD 280 billion each year. For instance, Canadian railways moved more than 338 million tons of freight in 2016.

Germany is trying to increase the railway network for better opportunities in the future. For instance, in April 2018, German companies have shown interest in investing in Indian railways expansion projects, which is likely to offer a better opportunity in the sector for the next few years. railway couplers market in Europe is expected to grow at CAGR of 2.9% during 2016-2026.

China is expected to dominate the railway couplers market in the region and is estimated to reach USD  867.8 million by 2026. China has invested huge amount for developing railway networks between Asian and European countries. For instance, in January 2018, the number of freight trains running between China and Europe under the organization named as ‘China Railway Express’ increased by 116% as compared to the previous year. Additionally, China has set the goal to invest USD 113 billion in fix-assets investment in railway construction in 2018.

The middle east and Africa are witnessing steady growth in the global railway couplers market owing to lack of infrastructural development and slow economic growth. For instance, according to the estimation of reports monitor, the railway couplers market is growing at 3.9%,  during 2016-2026, and is expected to reach USD 167.2 million by 2026.

Segmental Insights

The railway coupler market has been segmented by type, application and sales channel.

Based on type, the railway coupler market has been segmented into semi-permanent, and  automatic. Automatic couplers are likely to gain significant share in the global railway couplers market during the assessment period 2019-2026. A fully automatic coupler connects the vehicles electrically, mechanically, and pneumatically by pushing the two vehicles together and then operating a button or foot pedal in the cab to complete the operation. These couplers are complex and require a lot of maintenance and attention. Automatic couplers are available in different designs. According to report monitor estimation, global fully automatic railway couplers market was valued at    USD 1,081.1 million in 2016 and is projected to increase at USD 1,405.8  million by 2026.

In terms of application, the railway coupler market has been segmented into a regular passenger train, high-speed train, freight train, and others. The high-speed train is likely to hold the highest share in the global railway couplers market during the forecast period 2019-2026. The high-speed train includes various types of couplers such as type 10 couplers, semi-permanent couplers, and transitional couplers. The type 10 couplers are used mostly in all national railways, even in the high-speed application as it offers high strength and huge gathering range both laterally and vertically. Semi-permanent couplers provide secure and safe connections within a train set, which can be equipped with impact absorbing elements as well as with electrical and pneumatic couplings. Moreover, transitional couplers are usually used when vehicles have different types of couplers or coupling heights.

By sales channel, the railway coupler market has been segmented into the direct channel and distribution channel. The direct channel is one of the sales channels where the couplers manufacturers such as Dellner Couplers, Escorts, Nippon Steel & Sumitomo Metal, Voith, and others sell the product directly to the customers without using any intermediate source. The direct channel has been extensively used and is expected to continue its use for sales in the near future. for instance, in 2017, direct channel holds 66 % of market share.

Railway Coupler Market Segmentation

By Type

  • Semi-permanent
  • Automatic

By Application

  • Regular passenger train
  • High-speed train
  • Freight train
  • Other

By Sales Channel

  • Direct channel
  • Distribution channel

Regions Covered:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Argentina
    • Colombia
    • Rest of Latin America
  • LAMEA
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of LAMEA

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

View Full Report Buy This Report Now